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Analyzing Rumble Inc (RUM) After Recent Trading Activity

Rumble Inc’s recent filing unveils that its Director Arsov Robert unloaded Company’s shares for reported $0.18 million on Jun 06 ’24. In the deal valued at $6.08 per share,30,000 shares were sold. As a result of this transaction, Arsov Robert now holds 15,053,902 shares worth roughly $85.51 million.

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Then, Arsov Robert sold 30,000 shares, generating $181,925 in total proceeds. Upon selling the shares at $6.06, the Director now owns 15,083,902 shares.

Before that, Arsov Robert sold 30,000 shares. Rumble Inc shares valued at $179,725 were divested by the Director at a price of $5.99 per share. As a result of the transaction, Arsov Robert now holds 15,113,902 shares, worth roughly $85.85 million.

Oppenheimer initiated its Rumble Inc [RUM] rating to a Perform in a research note published recently.

Price Performance Review of RUM

On Tuesday, Rumble Inc [NASDAQ:RUM] saw its stock fall -1.39% to $5.68. Over the last five days, the stock has gained 3.27%. Rumble Inc shares have risen nearly 26.50% since the year began. Nevertheless, the stocks have fallen -36.32% over the past one year. While a 52-week high of $9.20 was reached on 03/13/24, a 52-week low of $3.33 was recorded on 01/12/24. SMA at 50 days reached $6.38, while 200 days put it at $5.89. A total of 0.76 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For RUM Stock

The 24-hour chart illustrates a support level at 5.51, which if violated will result in even more drops to 5.33. On the upside, there is a resistance level at 5.81. A further resistance level may holdings at 5.93. The Relative Strength Index (RSI) on the 14-day chart is 43.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.59%. Stochastics%K at 61.73% indicates the stock is a holding.

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